TIDMBST
RNS Number : 6234J
Big Sofa Technologies Group PLC
14 April 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION
The information communicated in this announcement includes
inside information for the purposes of Article 7 Regulation
596/2014.
14 April 2020
Big Sofa Technologies Group plc
("Big Sofa Technologies" or the "Company")
Result of General Meeting
Cancellation of admission to trading on AIM of the Ordinary
Shares
Result of General Meeting
Big Sofa Technologies Group plc (AIM:BST), ("Company"), an
international video analytics provider to the insight and analytics
industries, announces that the special resolution put to
Shareholders at the General Meeting held earlier today was duly
passed. Of the 186,250,692 ordinary shares in issue, the votes cast
were as follows:
Number
For 72,017,909
Against 2,282,744
Total 74,300,653
As such more than 96 per cent of votes cast were in favour of
the resolution. There were no abstentions.
Cancellation of Admission to trading on AIM
The Directors of the Company will now take all steps necessary
to cancel the admission of the Ordinary Shares to trading on AIM.
It is anticipated that the last day of dealings in the Ordinary
Shares will be 28 April 2020. The expected time and date of
Cancellation is 7.00 a.m. on Wednesday 29 April 2020.
Formal Sales Process ("FSP")
The process for the FSP will not change as a result of
Cancellation and the Company will continue to be subject to the
City Code. The Directors will provide shareholders with updates on
the FSP, as applicable, by way of an announcement through a
Regulatory Information Service and also via the Company's website,
www.bigsofatech.com.
Enquiries:
Big Sofa Technologies Group plc +44 (0)20 7357 0033
Kirsty Fuller, CEO
Joe MacCarthy, CFO
Arden Partners plc (Nominated Adviser
and Joint Broker) +44 (0)20 7614 5900
Paul Shackleton / Ben Cryer
About Big Sofa Technologies Group plc
Big Sofa Technologies is an insight-led technology company. The
design and development of our technology has been guided by expert
understanding of the insight and analytics industries and the
needs, pressures and business questions of the clients they
serve.
We uncover and analyse new-to-the-industry behavioural data sets
in video, enabled by the power of our pioneering data capture and
platform technology. We are innovating both in how video-led
projects and programmes are designed and in how the data is
analysed, showcased, embedded and re-mined.
Our software platform collates, analyses and organises large
volumes of raw/unstructured video enabling our clients, which
include leading market research and data companies and major
household brands, to perform detailed and sophisticated consumer
insight analysis and make genuine use of video content.
Big Sofa Technologies' shares are admitted to trading on the
London Stock Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Arden Partners plc, which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting as
nominated adviser and joint broker to the Company and for no one
else in connection with the Cancellation. Persons receiving this
announcement should note that Arden will not be responsible to
anyone other than the Company for providing the protections
afforded to customers of Arden or for advising any other person on
the arrangements described in this announcement. Arden has not
authorised the contents of, or any part of, this announcement and
no liability whatsoever is accepted by Arden for the accuracy of
any information or opinions contained in this announcement or for
the omission of any information. Arden, as nominated adviser and
joint broker to the Company, owes certain responsibilities to the
London Stock Exchange which are not owed to the Company, the
Directors, the Shareholders or any other person.
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities whether pursuant to this
announcement or otherwise.
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on Market Abuse.
Upon the publication of this announcement, this information is
considered to be in the public domain.
The distribution of this announcement in jurisdictions outside
the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities law of any such jurisdiction.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
ROMFLFFSSEISLII
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